Can I retire at age 66 with 679,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$56,071$55,572$55,084$54,609$54,144$53,713
2 years$27,758$27,241$26,740$26,254$25,783$25,348
3 years$18,322$17,802$17,303$16,821$16,358$15,933
4 years$13,604$13,087$12,592$12,119$11,667$11,255
5 years$10,775$10,260$9,772$9,308$8,869$8,472
6 years$8,889$8,378$7,897$7,444$7,018$6,636
7 years$7,542$7,036$6,562$6,120$5,707$5,340
8 years$6,533$6,031$5,566$5,134$4,735$4,383
9 years$5,748$5,251$4,794$4,373$3,987$3,651
10 years$5,121$4,629$4,179$3,770$3,397$3,076
11 years$4,608$4,121$3,679$3,281$2,922$2,615
12 years$4,181$3,698$3,265$2,878$2,532$2,239
13 years$3,819$3,342$2,917$2,541$2,208$1,929
14 years$3,510$3,038$2,621$2,255$1,935$1,670
15 years$3,242$2,775$2,367$2,011$1,704$1,452
16 years$3,008$2,546$2,146$1,801$1,506$1,267
17 years$2,802$2,345$1,952$1,618$1,335$1,109
18 years$2,619$2,167$1,782$1,458$1,187$973
19 years$2,455$2,008$1,632$1,318$1,058$856
20 years$2,308$1,866$1,497$1,193$945$754
21 years$2,175$1,738$1,377$1,083$846$666
22 years$2,054$1,623$1,269$985$758$588
23 years$1,944$1,518$1,172$897$681$521
24 years$1,843$1,422$1,084$818$612$461
25 years$1,751$1,334$1,004$747$551$409
26 years$1,665$1,254$931$683$496$363
27 years$1,586$1,180$865$625$447$323
28 years$1,513$1,112$804$573$403$287
29 years$1,445$1,049$748$525$364$255
30 years$1,382$991$697$482$329$227
31 years$1,323$937$650$443$298$202
32 years$1,268$886$606$407$269$180
33 years$1,216$839$566$374$244$160
34 years$1,167$795$529$344$221$143
35 years$1,122$755$494$317$200$127
36 years$1,078$716$462$292$181$114
37 years$1,038$680$433$269$164$101
38 years$999$646$405$248$149$90
39 years$963$615$380$229$135$81
40 years$928$585$356$211$122$72
41 years$896$557$334$194$111$64
42 years$864$530$313$179$101$57
43 years$835$505$294$166$91$51
44 years$807$482$276$153$83$46
45 years$780$459$259$141$75$41
46 years$754$438$243$131$68$36
47 years$730$418$228$121$62$33
48 years$707$399$215$111$56$29
49 years$684$381$202$103$51$26
50 years$663$364$190$95$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $679,000, adding $4,596 every year, while hoping to spend $49,454 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 45/45/10 Blend
65$679,000$679,000$679,000$679,000
66$752,999$717,012$706,487$784,555
67$777,186$699,527$677,536$789,393
68$802,183$679,527$645,957$789,203
69$828,020$656,838$611,611$787,877
70$854,728$631,274$574,350$785,329
71$882,342$602,638$534,023$781,467
72$910,896$570,722$490,468$776,194
73$940,427$535,307$443,518$769,406
74$970,973$496,160$392,999$760,996
75$1,002,576$453,036$338,728$750,849
76$1,035,279$405,674$280,515$738,844
77$1,069,125$353,800$218,160$724,853
78$1,104,164$297,125$151,457$708,743
79$1,140,446$235,341$80,187$690,370
80$1,178,023$168,124$4,125$669,586
81$1,216,953$95,134$0$646,232
82$1,257,295$16,008$0$628,364
83$1,299,112$0$0$608,589
84$1,342,472$0$0$620,792
85$1,387,447$0$0$641,680
86$1,434,113$0$0$663,361
87$1,482,551$0$0$685,875
88$1,532,847$0$0$709,263
89$1,585,095$0$0$733,570
90$1,639,392$0$0$758,843
91$1,695,845$0$0$785,133
92$1,754,568$0$0$812,495
93$1,815,681$0$0$840,987
94$1,879,315$0$0$870,671
95$1,945,611$0$0$901,617
96$2,014,719$0$0$933,897
97$2,086,801$0$0$967,588
98$2,162,034$0$0$1,002,778
99$2,240,605$0$0$1,039,556
100$2,322,718$0$0$1,078,021